Atmus Filtration Technologies (NYSE:ATMU) Director Gretchen Haggerty Purchases 1,973 Shares of Stock

Atmus Filtration Technologies Inc. (NYSE:ATMU) Director Gretchen Haggerty purchased 1,973 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of $55.74 per share, with a total value of $109,975.02. Following the completion of the purchase, the director directly owned 25,741 shares of the company’s stock, valued at approximately $1,434,803.34. This represents a 8.30% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU opened at $54.12 on Thursday. The company has a quick ratio of 1.70, a current ratio of 2.53 and a debt-to-equity ratio of 2.47. The firm’s 50-day moving average price is $59.22 and its two-hundred day moving average price is $56.08. Atmus Filtration Technologies Inc. has a 52-week low of $34.58 and a 52-week high of $66.50. The stock has a market capitalization of $4.42 billion, a P/E ratio of 21.22, a P/E/G ratio of 2.38 and a beta of 1.47.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. Atmus Filtration Technologies had a net margin of 11.56% and a return on equity of 64.29%. The firm had revenue of $477.50 million for the quarter, compared to analysts’ expectations of $474.41 million. During the same quarter last year, the company posted $0.63 earnings per share. Atmus Filtration Technologies’s revenue was up 14.6% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.95 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 26th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $0.22 dividend on an annualized basis and a yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 8.63%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Citigroup reissued an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. JPMorgan Chase & Co. cut their target price on shares of Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Zacks Research cut shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Wells Fargo & Company cut their price target on Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Finally, Weiss Ratings cut Atmus Filtration Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.75.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of hedge funds have recently made changes to their positions in ATMU. Channing Capital Management LLC increased its stake in shares of Atmus Filtration Technologies by 3,192.8% during the third quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock valued at $77,330,000 after acquiring an additional 1,662,931 shares during the period. Kennedy Capital Management LLC increased its holdings in shares of Atmus Filtration Technologies by 90.6% in the third quarter. Kennedy Capital Management LLC now owns 351,610 shares of the company’s stock valued at $15,854,000 after buying an additional 167,095 shares in the last quarter. Altrinsic Global Advisors LLC increased its holdings in shares of Atmus Filtration Technologies by 21.8% in the third quarter. Altrinsic Global Advisors LLC now owns 251,382 shares of the company’s stock valued at $11,335,000 after buying an additional 45,005 shares in the last quarter. Mangrove Partners IM LLC increased its holdings in shares of Atmus Filtration Technologies by 21.0% in the third quarter. Mangrove Partners IM LLC now owns 1,330,553 shares of the company’s stock valued at $59,995,000 after buying an additional 230,922 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Atmus Filtration Technologies by 49.1% in the third quarter. First Trust Advisors LP now owns 1,527,957 shares of the company’s stock valued at $68,896,000 after buying an additional 503,383 shares in the last quarter. Institutional investors own 32.73% of the company’s stock.

About Atmus Filtration Technologies

Atmus Filtration Technologies is a global developer and manufacturer of high-performance filter media and filtration solutions. The company designs and produces advanced materials that capture airborne particles across a range of applications, from heating, ventilation and air-conditioning (HVAC) systems to industrial and cleanroom environments. By focusing on proprietary meltblown and nanofiber technologies, Atmus delivers media that balances efficiency, airflow and durability for both original equipment manufacturers (OEMs) and aftermarket customers.

The company’s product portfolio encompasses pleated and panel filter media, depth filtration products and specialty laminates used in industries such as commercial buildings, healthcare, transportation and power generation.